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Stock Market & Financial Investment News

News Breaks
April 7, 2014
04:55 EDTARRS, ARRS, ARRS, ETM, ETM, ETM, MEG, MEG, MEG, EVC, EVC, EVC, GCI, GCI, GCI, TIVO, TIVO, TIVO, CBS, CBS, CBS, SALM, SALM, SALM, SSP, SSP, SSP, DIS, DIS, DIS, RENT, RENT, RENT, P, P, P, CMLS, CMLS, CMLSNoble Financial Capital Markets to hold a forum
Noble Financial Forum is being held in Las Vegas on April 7-9.
News For ARRS;P;RENT;DIS;SSP;SALM;CBS;TIVO;GCI;EVC;MEG;ETM;CMLS From The Last 14 Days
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February 1, 2016
07:13 EDTDISDisney price target lowered to $92 from $112 at Jefferies
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January 31, 2016
20:11 EDTDISTime Warner, Hulu talks heat up over issue of current seasons, WSJ says
Time Warner's (TWX) negotiations to potentially buy into Hulu, a joint venture of Comcast (CMCSA, CMCSK), Fox (FOX, FOXA) and Disney (DIS), have been heating up lately over the issue of Hulu subscribers being able to view current-season TV shows, reports the Wall Street Journal, citing sources. Though the feature is a differentiator for Hulu when compared to Netflix (NFLX) and Amazon (AMZN), Time Warner believes the presence of full, current seasons contributes to cord cutting, the report says. Reference Link
18:07 EDTDIS'Kung Fu Panda 3' swings to first, 'Finest Hours' lands in choppy waters
"Kung Fu Panda 3" topped the box office in its U.S. debut while nautical disaster drama "The Finest Hours" floundered. WEEKEND LEADER: "Kung Fu Panda 3," produced by DreamWorks (DWA) and distributed by Fox (FOX, FOXA), grossed $41M against expectations for $35M-$50M in its domestic debut during the weekend of January 31. The computer-animated action comedy, featuring the voices of Jack Black, Dustin Hoffman and Angelina Jolie, set a new box office record for January animated film openings but fell somewhat short of the $60.2M and $47.7M debuts seen by previous films in the franchise. BOX OFFICE RUNNERS-UP: "The Revenant," also from Fox, grossed $12.4M. Disney's (DIS) "Star Wars: The Force Awakens" took in an additional $10.8M and stands at $1.98B globally, while the company's "The Finest Hours" earned $10.3M in its domestic start despite an estimated $70M-$80M budget. Rounding out the top five was Universal's (CMCSA, CMCSK) "Ride Along 2" with $8.3M.
January 29, 2016
12:53 EDTDISBox Office Battle: 'Kung Fu Panda 3' expected to kick 'Revenant' from top spot
DreamWorks Animation's (DWA) "Kung Fu Panda 3" featuring Jack Black is expected to break the record for the largest January opening for an animated feature, topping the opening of "The Nut Job" in 2014. The first two films in the "Kung Fu Panda" franchise took in $60.2M and $47.6M, respectively, in their opening weekends and grossed a total of nearly $1.3B worldwide. With a strong base of Po the Panda fans and the popularity of a recent TV show, conservative early estimates say "Panda 3" is expected to bring in $35M-$50M. Also opening this weekend are Disney's (DIS) "The Finest Hours," starring Chris Pine, and Open Road Films' "Fifty Shades of Black," starring Marlon Wayans. "The Finest Hours" may disappoint, with expectations topping out at $10M in its opening weekend. "Fifty Shades of Black," meanwhile, is the latest spoof movie from the team of Wayans and Michael Tiddes from "Haunted House" fame. The last film from Wayans had an opening weekend of $8.8M, and this one is currently expected to take in a similar amount. Both films will battle with Fox's (FOX, FOXA) survival story and Oscar contender "The Revenant," starring Leonardo Dicaprio, and Disney's (DIS) "Star Wars: The Force Awakens" for spots in the top five. "The Revenant" and "Star Wars" should each take in $9M-$12M even as they continue to lose theaters this coming weekend. Other publicly traded companies involved in filmmaking include Lionsgate (LGF), Comcast (CMCSA, CMCSK), and Sony (SNE).
January 28, 2016
16:35 EDTRENTcomScore-Rentrak merger approved by holders
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10:35 EDTMEGCox Communications: Nextar, Media General merger 'not in the public interest'
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09:38 EDTDISActive equity options trading on open
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09:02 EDTPPandora launches Browse
Pandora launched Browse, a new way to help users discover even more music. "Finding new music should be a simple and enjoyable experience," said Chris Phillips, chief product officer of Pandora. "Our musicologists have scored millions of songs to find the perfect music just for you. The new Browse feature makes it easy to find the music you love whether you know what you want, or need a little help discovering music you didn't know existed." The service includes fresh station recommendations, music metrics, and the ability see what's spinning on a station before adding it to station list.
07:25 EDTMEGMeredith likely to be range bound for a few quarters, says Wells Fargo
After Meredith (MDP) and Media General (MEG) terminated their merger, Wells Fargo expects Meredith's stock to be range bound for a few quarters, since it believes that no M&A deals in the broadcast sector will take place until the spectrum auction is over 6-9 months from now. Wells says that Meredith's magazines business continues to weaken its results, and it keeps a Market Perform rating on the shares.
January 27, 2016
14:15 EDTRENTRentrak to host special shareholder meeting
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14:14 EDTRENTcomScore to host special shareholder meeting
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10:18 EDTDISMattel and Disney Consumer Products announce renewed agreement
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09:43 EDTMEGNexstar & Media General to host joint conference call
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09:07 EDTCBSCBS signs long-term licesing agreement for Showtime programming in Australia
CBS and Stan, a joint venture between Nine Entertainment Co. and Fairfax Media, signed a long-term, exclusive licensing agreement that will bring all future Showtime series and programming to the Australian streaming service. CBS has signed similar exclusive deals for Showitme with Sky in Europe and Bell Media in Canada.
08:48 EDTMEGMeredith and Media General agree to terminate merger agreement
Meredith Corporation (MDP) and Media General (MEG) said they have agreed to terminate immediately the binding merger agreement they entered into on September 8, 2015. In exchange for terminating the merger agreement, Meredith will receive: $60M in cash payable immediately, and an opportunity to negotiate for the purchase of certain broadcast and digital assets currently owned by Media General. There is no assurance that Media General and Meredith will reach agreement with respect to a purchase of any broadcast and digital assets, any such transaction being subject to approval of Nexstar Broadcasting (NXST) under Media General's merger agreement with Nexstar. Meredith Chairman and CEO Stephen Lacy commented, "While we still believe in the strategic and financial benefits a merger with Media General would have created, we are pleased with the financial benefits of the termination agreement and the shareholder value created." Media General CEO Vincent Saduskey said, "We are pleased to have this matter behind us and look forward to working towards completion of our transaction with Nexstar, which we believe is in the best interest of Media General and delivers superior value to our shareholders."
08:48 EDTMEGNexstar enters into definitive agreement to acquire Media General for $4.6B
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08:46 EDTMEGMeredith and Media General agree to terminate merger agreement
08:46 EDTMEGNexstar to acquire Media General for $4.6B
07:06 EDTRENTRentrak acquires Hollywood Software
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06:14 EDTTIVOFCC proposes set-top box rule revamp, WSJ reports
Federal regulators are anticipated to propose an overhaul of rules for television set-top boxes, a move that targets reducing bills for cable viewers and giving more access to web-based programming, the Wall Street Journal reports. FCC chairman Tom Wheeler's proposal would likely include providing cable and satellite customers more options when it comes to using their service provider's set-top box and cable app, the report says. Such a move could open up the market to alternative set-top-box providers, including TiVo (TIVO) and Alphabet's (GOOG) Google, the report notes. Reference Link
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